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Technology Stocks : Compaq
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To: Elwood P. Dowd who wrote (78506)2/18/2000 5:57:00 PM
From: rudedog  Read Replies (1) of 97611
 
El - I sold 1/3 of my DELL position last year at 45 and 47... at the same time I sold about 1/3 of my CPQ position, at prices from 49 all the way down to 34... after that, I decided to just ride it out on both DELL and CPQ although looking back it may have been a foolish decision, since those two now have squatter's rights on the kennel. I think CPQ has good upside from here (have I said that before? I think so) in the fairly near term. I think DELL will struggle in a range for most of 2000 much as CPQ did last year. So, applying the lesson I learned from CPQ - that it would have been better to sell earlier, big changes in corporate strategy take a LONG time to have an effect on share price - and the prognosis for DELL - they have not yet begun to address the issues facing them in their core business, and as a result the share price will remain depressed until there are significant changes in perception - it would make sense to unload a big part of my DELL holding now and put it into a faster-moving stock, but CPQ could hammer into the high 30's any time.

May not be a fully baked strategy but it's the best I can do on a friday afternoon as I get ready to leave the cool embrace of the city on the bay and back to steamy subtropical Houston...
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